Tourism, Trade and National Welfare

Front Cover......Page 1
TOURISM, TRADE AND NATIONAL WELFARE......Page 4
Copyright Page......Page 5
CONTENTS......Page 14
INTRODUCTION TO THE SERIES......Page 8
ENDORSEMENTS......Page 9
ACKNOWLEDGEMENTS......Page 12
1.1. Introduction......Page 19
1.2. Organization of the book......Page 21
References......Page 26
2.1. Introduction......Page 29
2.2. A two-sector model of a small open economy......Page 30
2.3. Important relationships......Page 38
2.4. Duality relations in the small open economy model......Page 43
2.5. A digression: the production possibility curve......Page 49
2.6. Trade and distortion theory......Page 53
References......Page 56
3.1. Introduction......Page 59
3.2. The dependency model......Page 60
3.3. Tourism and monopoly power in trade......Page 72
3.4. A tourism boom and its consequences......Page 76
Appendix A3. An example showing that the consumption possibility transformation surface with tourists lies partly inside the curve without tourists......Page 78
References......Page 83
4.1. Introduction......Page 85
4.2. A two-country model of tourism......Page 86
4.3. Results......Page 89
References......Page 99
5.1. Introduction......Page 101
5.2. The model......Page 102
5.3. Results......Page 106
5.4. Increasing returns to scale......Page 112
5.5. Conclusion......Page 114
References......Page 115
6.1. Introduction......Page 117
6.2. A model of tourism with guest workers......Page 118
6.3. Results......Page 121
Appendix A6. Derivations......Page 134
Appendix B6. An alternative model......Page 140
References......Page 150
7.1. Introduction......Page 151
7.2. The model......Page 152
7.3. Results......Page 155
References......Page 160
8.1. Introduction......Page 163
8.2. A regional model with tourism......Page 165
8.3. A geometric representation of the model......Page 168
8.4. Results......Page 174
Appendix A8. Tourism and regional immiserization......Page 184
References......Page 188
9.1. Introduction......Page 189
9.2. The model......Page 190
9.3. Results......Page 196
9.4. Conclusion......Page 200
References......Page 202
10.1. Introduction......Page 203
10.2. The model......Page 205
References......Page 212
11.1. Introduction......Page 215
11.2. Tourism and growth......Page 216
11.3. Optimal taxation of tourism in growth......Page 223
11.4. Conclusion......Page 225
References......Page 226
12.1. Introduction......Page 229
12.2. Competitiveness in tourism......Page 230
12.3. Real exchange rates and destination competitiveness......Page 233
12.4. Econometric analysis of tourism specialization......Page 238
12.5. Conclusion......Page 250
References......Page 251
Index......Page 253